Capital Research Global Investors Has $1.33 Billion Holdings in Comcast Co. (NASDAQ:CMCSA)

Capital Research Global Investors cut its position in Comcast Co. (NASDAQ:CMCSA) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,536,660 shares of the cable giant’s stock after selling 3,233,006 shares during the period. Capital Research Global Investors’ holdings in Comcast were worth $1,333,689,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CMCSA. Promus Capital LLC purchased a new stake in Comcast in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC raised its stake in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after buying an additional 502 shares in the last quarter. Roxbury Financial LLC purchased a new position in shares of Comcast during the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. bought a new position in shares of Comcast in the fourth quarter worth approximately $28,000. Finally, Noble Wealth Management PBC bought a new stake in Comcast in the 4th quarter worth approximately $38,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Loop Capital decreased their price target on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a report on Friday, January 31st. Scotiabank lifted their price target on shares of Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a report on Tuesday, April 8th. Wells Fargo & Company cut Comcast from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $37.00 to $31.00 in a report on Monday, April 14th. Finally, StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Comcast Stock Up 1.2 %

Shares of CMCSA stock opened at $33.96 on Friday. The stock’s 50-day simple moving average is $35.51 and its 200-day simple moving average is $38.32. The firm has a market capitalization of $128.40 billion, a PE ratio of 8.18, a P/E/G ratio of 1.78 and a beta of 0.94. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a fifty-two week low of $32.20 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Equities analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.89%. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.